qbteachmt
Level 15
‎03-21-2023 12:17 PM

Did you read about non-recourse States for mortgage debt?

https://www.investopedia.com/ask/answers/08/nonrecourse-loan-vs-recourse-loan.asp

And which States?

"Which states are non-recourse mortgage states?

There are 12 states that, by law, only allow nonrecourse loans. These are known as “nonrecourse states,” and they include Alaska, Arizona, California, Connecticut, Idaho, Minnesota, North Carolina, North Dakota, Oregon, Texas, Utah and Washington."
*******************************
Don't yell at us; we're volunteers
Reply